The Magnum Ice Cream Company (TMICC), the world's largest ice cream maker, presented its business plan and medium-term financial ambitions today in London at its first Capital Markets Day. This comes just weeks after the company's planned separation from Unilever and its planned standalone listing in Amsterdam, London, and New York by November.
TMICC will be the first and only global listed company entirely focused on the ice cream business, a market estimated at €75 billion worldwide, part of the €470 billion snacks sector. In 2024, the company reported revenues of €7,9 billion and an adjusted EBITDA of €1,3 billion, with a global retail market share of 21%.
The plan calls for average organic growth of 3-5% starting in 2026, an annual improvement in EBITDA margins of 40-60 basis points, and free cash flow of between €0,8 billion and €1 billion in the two-year period 2028-2029. Jean-François van Boxmeer, Chairman-designate, emphasized that TMICC "has the scale, experience, and strategy to drive growth and create value for all stakeholders."
CEO Peter ter Kulve added: “With our iconic brands such as Magnum, Ben & Jerry's, Cornetto and Heart-brand, together with a well-balanced portfolio of products and markets, we are ready to bring the pleasure of ice cream to even more consumers around the world.”
On the efficiency front, the productivity program targets cumulative savings of €500 million, thanks to supply chain optimization, reduced overhead costs, and the use of digital technologies.
The sustainability strategy is based on the goal of net zero by 2050, with a focus on resilient supply chains, responsible packaging, and innovation for consumer safety and well-being. Unilever will initially maintain a stake of less than 20% in TMICC, to be progressively reduced over five years.
